Question
Enterprise Productions Inc. purchased a copier on Jan 1, 20X1 for $10,100 with a residual value of $1,400. The copier has a useful life of
Enterprise Productions Inc. purchased a copier on Jan 1, 20X1 for $10,100 with a residual value of $1,400.
The copier has a useful life of 5 years or 100,000 copies.
Enterprise Productions, Inc. produced 15,000 copies in 20X1 and 16,000 copies in 20X2.
Use the double declining balance method of depreciation to compute the following:
a) The Depreciation Expense in 20X1?
b) The Depreciation Expense in 20X2?
c) Accumulated depreciation at the end of 20X2?
d) Book value at the end of 20X2?
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Intermediate Accounting Reporting And Analysis, 2017 Update
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd Edition
1337505625, 9781337505628
